Tools & Equipment Floater / Tools Floater
Tools & Equipment Floaters (also known as a Tools Floater) are a form of inland marine insurance, or can be purchased as part of a customized commercial insurance solution.
What is Covered by a Tools and Equipment Floater?
Drag lines, cranes, conveyors, power drills, engines, hoisting machines, pile drivers, power pumps and hand tools are among the property that may be insured under this policy. Insurance covers property wherever used.
Simplify Shopping for a Tools & Equipment Floater
Brunswick Companies is well-respected in the construction industry for our comprehensive array of insurance products and services for construction contractors, including business insurance and surety bonding.
For over 35 years, Brunswick Companies' business insurance specialists have provided both general and trade contractors with the expertise to help you identify your exposures and simplify your insurance purchase, providing the information you need to make an informed decision. We have the "know-how" to help you ascertain the coverage solution that best meets your needs and financial goals.
We provide our clients with access to a wide range of top-ranked insurance providers. Our extensive experience in working with construction contractors makes us uniquely qualified to provide a cost-effective solution to managing your risk.
Who Needs a Tools Floater?
Contractors who utilize the types of equipment listed above should consider this coverage.
Comparing Tools & Equipment Coverage
Tool floaters from different insurers vary widely in what is covered. Brunswick Companies' business insurance specialists will assist you in understanding the differences in coverage and selecting the coverage that is the best fit for your business. It is important to compare the reporting capabilities for multiple jobs, limits, covered causes of loss, exclusions and definitions of when coverage starts and stops. Policies may be written on a specified cause of loss or all risk basis.
Construction contractors may also want to consider obtaining Builders' Risk Insurance, Contractors' Equipment Insurance and/or an Installation Floater.
Improve the cost-effectiveness of your business insurance protection. Contact us today.
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